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Ted Cackowsky: A convenient omission on the minimum wage

Posted:
08/04/2017 07:10:10 PM MDT

No, Mr. Eggers is not a serial killer, just a fact killer. Yes, the study he referenced ("A liberal delusion on the minimum wage," Daily Camera Open Forum, Aug. 3) concludes Seattle's march to $15 an hour as having some negative consequences. (I really don't think 15 restaurant closures in a city the size of Seattle is material to any conclusions regarding wages.) What he left out was the University of California study showing quite the opposite. This study also points out the negative study did not survey about 40 percent of the business population. Yes, businesses are not charities, and they seem to be performing very well in Seattle. Unemployment is at 2.6 percent, net migration of business into and out of the city is on the plus side. Incomes are rising along with consumer spending. Dependency upon government services has lessened. And, of course, the biggest takeaway from the study Mr. Eggers referenced is they do not recommend any changes be made to the hourly wage increase plan. And a couple of other points: It is supply and demand, not price and demand, economics 101. And it continues to amaze me why the people on the right continue to believe that poor people have all the money.

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